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Privacy Policy

PRIVACY POLICY

Last updated May 14, 2025

This privacy notice for Unido Digital Media LLC (doing business as Empleo Bilingue, Finance Colombia, Cognitive Business News, Finance Americas, and other properties) (“we,” “us,” or “our“), describes how and why we might collect, store, use, and/or share (“process“) your information when you use our services (“Services“), such as when you:

  • Visit any website of ours that links to this privacy notice
  • Engage with us in other related ways, including any sales, marketing, or events

Questions or concerns? Reading this privacy notice will help you understand your privacy rights and choices. If you do not agree with our policies and practices, please do not use our Services. If you still have any questions or concerns, please contact us at [email protected].

SUMMARY OF KEY POINTS

What personal information do we process? When you visit, use, or navigate our services, we may process personal information depending on how you interact with our websites and the services, the choices you make, and the products and features you use.

Do we process any sensitive personal information? We do not process sensitive personal information beyond what may normally be included on a resumé or social media profile.

Do we receive any information from third parties? Generally, no. But if you are a potential purchaser of our services or our products, we may utilize business-to-business data enrichment platforms, for example to prepare for scheduled sales meetings to learn about your company or organization. These may include platforms such as LinkedIn, ZoomInfo, web searches, etc.

How do we process your information? We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent. We process your information only when we have a valid legal reason to do so.

In what situations and with which types of parties do we share personal information? We may share information in specific situations and with specific categories of third parties.

How do we keep your information safe? We have organizational and technical processes and procedures in place to protect your personal information. However, no electronic transmission over the internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information.

What are your rights? Depending on where you are located geographically, the applicable privacy law may mean you have certain rights regarding your personal information.

How do you exercise your rights? The easiest way to exercise your rights is by visiting one of our several contact forms, such as the contact form on this website, via social media, such as LinkedIn, https://www.linkedin.com/company/unido-digital/ or by contacting us. There are telephony links for Whatsapp on our websites. We will consider and act upon any request in accordance with applicable data protection laws.

 

  1. WHAT INFORMATION DO WE COLLECT?

Personal information you disclose to us.

In Short: We collect personal information that you provide to us.

We collect personal information that you voluntarily provide to us when you register on the Services, express an interest in obtaining information about us or our products and Services, when you participate in activities on the Services, or otherwise when you contact us.

Personal Information Provided by You. The personal information that we collect depends on the context of your interactions with us and the Services, the choices you make, and the products and features you use. The personal information we collect may include the following:

  • names
  • phone numbers
  • email addresses
  • mailing addresses
  • job titles
  • usernames
  • passwords
  • contact preferences
  • contact or authentication data

Sensitive Information. We do not process sensitive information.

Payment Data. We may collect data necessary to process your payment if you make purchases, such as your payment instrument number, and the security code associated with your payment instrument. All payment data is stored by Stripe and PayPal. You may find their privacy notice link(s) here: https://stripe.com/privacy and https://www.paypal.com/us/legalhub/privacy-full.

Social Media Login Data. We may provide you with the option to register with us using your existing social media account details, like your Facebook, Twitter, or other social media account.

All personal information that you provide to us must be true, complete, and accurate, and you must notify us of any changes to such personal information.

Information automatically collected

In Short: Some information — such as your Internet Protocol (IP) address and/or browser and device characteristics — is collected automatically when you visit our Services.

We automatically collect certain information when you visit, use, or navigate the Services. This information does not reveal your specific identity (like your name or contact information) but may include device and usage information, such as your IP address, browser and device characteristics, operating system, language preferences, referring URLs, device name, country, location, information about how and when you use our Services, and other technical information. This information is primarily needed to maintain the security and operation of our Services, and for our internal analytics and reporting purposes.

 

Like many businesses, we also collect information through cookies and similar technologies.

The information we collect includes:

  • Log and Usage Data. Log and usage data is service-related, diagnostic, usage, and performance information our servers automatically collect when you access or use our Services and which we record in log files. Depending on how you interact with us, this log data may include your IP address, device information, browser type, and settings and information about your activity in the Services(such as the date/time stamps associated with your usage, pages and files viewed, searches, and other actions you take such as which features you use), device event information (such as system activity, error reports (sometimes called “crash dumps”), and hardware settings).
  • Device Data. We collect device data such as information about your computer, phone, tablet, or other device you use to access the Services. Depending on the device used, this device data may include information such as your IP address (or proxy server), device and application identification numbers, location, browser type, hardware model, Internet service provider and/or mobile carrier, operating system, and system configuration information.
  • Location Data. We collect location data such as information about your device’s location, which can be either precise or imprecise. The information we collect depends on the type and settings of the device you use to access the Services. You can opt out of allowing us to collect this information either by refusing access to the information or by disabling your Location setting on your device. However, if you choose to opt out, you may not be able to use certain aspects of the Services.
  1. HOW DO WE PROCESS YOUR INFORMATION?

In Short: We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent.

We process your personal information for a variety of reasons, depending on how you interact with our Services, including:

  • To create, manage and authenticate accounts: We may process your information so you can create and log in to your account, as well as keep your account in working order.
  • To deliver and facilitate delivery of services to the user. We may process your information to provide you with the requested service.
  • To respond to user inquiries and offer support to users. We may process your information to respond to your inquiries and solve any potential issues you might have with the requested service.
  • To send administrative information to you. We may process your information to send you details about our products and services, changes to our terms and policies, and other similar information.
  • To request feedback. We may process your information when necessary to request feedback and to contact you about your use of our Services.
  • To protect our Services. We may process your information as part of our efforts to keep our Services safe and secure, including fraud monitoring and prevention.
  • To evaluate and improve our Services, products, marketing, and your experience. We may process your information in order to identify usage trends, determine the effectiveness of our promotional campaigns, and to evaluate and improve our Services, products, marketing, and your experience.
  • To identify usage trends. We may process information about how you use our Services to better understand how they are being used so we can improve them.
  • To comply with our legal obligations. We may process your information to comply with our legal obligations, respond to legal requests, and exercise, establish, or defend our legal rights.
  1. WHEN AND WITH WHOM DO WE SHARE YOUR PERSONAL INFORMATION?

In Short: We may share information in specific situations described in this section and/or with the following categories of third parties.

Vendors, Consultants, and Other Third-Party Service Providers. We may share your data with third-party vendors, service providers, contractors, or agents who perform services for us or on our behalf and require access to such information to do that work. We have contracts in place with our third parties, which are designed to help safeguard your personal information. This means that they cannot do anything with your personal information unless we have instructed them to do it. They will also not share your personal information with any organization apart from us. They also commit to protect the data they hold on our behalf and to retain it for the period we instruct. The categories of third parties we may share personal information with are as follows:

  • Payment Processors
  • User Account Registration & Authentication Services

We also may need to share your personal information in the following situations:

  • Business Transfers. We may share or transfer your information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company.
  • We may share your information with our affiliates, in which case we will require those affiliates to honor this privacy notice. Affiliates include our parent company and any subsidiaries, joint venture partners, or other companies that we control or that are under common control with us.
  • Business Partners. We may share your information with our business partners to offer you certain products, services, or promotions.

 

  1. WHAT IS OUR STANCE ON THIRD-PARTY WEBSITES?

In Short: We are not responsible for the safety of any information that you share with third parties that we may link to or who advertise on our Services, but are not affiliated with, our Services.

The Services may link to third-party websites, online services, or mobile applications and/or contain advertisements from third parties that are not affiliated with us and which may link to other websites, services, or applications. Accordingly, we do not make any guarantee regarding any such third parties, and we will not be liable for any loss or damage caused by the use of such third-party websites, services, or applications. The inclusion of a link to a third-party website, service, or application does not imply an endorsement by us. We cannot guarantee the safety and privacy of data you provide to any third parties. Any data collected by third parties is not covered by this privacy notice. We are not responsible for the content or privacy and security practices and policies of any third parties, including other websites, services, or applications that may be linked to or from the Services. You should review the policies of such third parties and contact them directly to respond to your questions.

  1. DO WE USE COOKIES AND OTHER TRACKING TECHNOLOGIES?

In Short: We may use cookies and other tracking technologies to collect and store your information.

We may use cookies and similar tracking technologies (like web beacons and pixels) to access or store information. Specific information about how we use such technologies and how you can refuse certain cookies is set out in our Cookie Notice.

  1. HOW DO WE HANDLE YOUR SOCIAL LOGINS?

In Short: If you choose to register or log in to our Services using a social media account, we may have access to certain information about you.

Our Services offer you the ability to register and log in using your third-party social media account details (like your Facebook or Twitter logins). Where you choose to do this, we will receive certain profile information about you from your social media provider. The profile information we receive may vary depending on the social media provider concerned, but will often include your name, email address, friends list, and profile picture, as well as other information you choose to make public on such a social media platform.

We will use the information we receive only for the purposes that are described in this privacy notice or that are otherwise made clear to you on the relevant Services. Please note that we do not control, and are not responsible for, other uses of your personal information by your third-party social media provider. We recommend that you review their privacy notice to understand how they collect, use, and share your personal information, and how you can set your privacy preferences on their sites and apps.

  1. HOW LONG DO WE KEEP YOUR INFORMATION?

In Short: We keep your information for as long as necessary to fulfill the purposes outlined in this privacy notice unless otherwise required by law.

We will only keep your personal information for as long as it is necessary for the purposes set out in this privacy notice, unless a longer retention period is required or permitted by law (such as tax, accounting, or other legal requirements). No purpose in this notice will require us keeping your personal information for longer than the period of time in which users have an account with us.

When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize such information, or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible.

  1. HOW DO WE KEEP YOUR INFORMATION SAFE?

In Short: We aim to protect your personal information through a system of organizational and technical security measures.

 

We have implemented appropriate and reasonable technical and organizational security measures designed to protect the security of any personal information we process. However, despite our safeguards and efforts to secure your information, no electronic transmission over the Internet or information storage technology can be guaranteed to be 100% secure, so we cannot promise or guarantee that hackers, cybercriminals, or other unauthorized third parties will not be able to defeat our security and improperly collect, access, steal, or modify your information. Although we will do our best to protect your personal information, transmission of personal information to and from our Services is at your own risk. You should only access the Services within a secure environment.

  1. DO WE COLLECT INFORMATION FROM MINORS?

In Short: We do not knowingly collect data from or market to children under 18 years of age.

We do not knowingly solicit data from or market to children under 18 years of age. By using the Services, you represent that you are at least 18 or that you are the parent or guardian of such a minor and consent to such minor dependent’s use of the Services. If we learn that personal information from users less than 18 years of age has been collected, we will deactivate the account and take reasonable measures to promptly delete such data from our records. If you become aware of any data we may have collected from children under age 18, please contact us at [email protected].

  1. WHAT ARE YOUR PRIVACY RIGHTS?

In Short: You may review, change, or terminate your account at any time.

We have no presence in Europe, so if you are in Europe or anywhere else in the world, understand that you are using our website under the terms, conditions, laws, and jurisdiction of the United States.

Withdrawing your consent: If we are relying on your consent to process your personal information, which may be express and/or implied consent depending on the applicable law, you have the right to withdraw your consent at any time.

However, please note that this will not affect the lawfulness of the processing before its withdrawal nor, when applicable law allows, will it affect the processing of your personal information conducted in reliance on lawful processing grounds other than consent.

Opting out of marketing and promotional communications: You can unsubscribe from our marketing and promotional communications at any time by clicking on the unsubscribe link in the emails that we send, or by contacting us. You will then be removed from the marketing lists. However, we may still communicate with you — for example, to send you service-related messages that are necessary for the administration and use of your account, to respond to service requests, or for other non-marketing purposes.

Account Information

If you would at any time like to review or change the information in your account or terminate your account, you can log in to your account settings and update your user account.

Upon your request to terminate your account, we will deactivate or delete your account and information from our active databases. However, we may retain some information in our files to prevent fraud, troubleshoot problems, assist with any investigations, enforce our legal terms and/or comply with applicable legal requirements.

Cookies and similar technologies: Most Web browsers are set to accept cookies by default. If you prefer, you can usually choose to set your browser to remove cookies and to reject cookies. If you choose to remove cookies or reject cookies, this could affect certain features or services of our Services.

If you have questions or comments about your privacy rights, you may email us at [email protected].

  1. CONTROLS FOR DO-NOT-TRACK FEATURES

Most web browsers and some mobile operating systems and mobile applications include a Do-Not-Track (“DNT”) feature or setting you can activate to signal your privacy preference not to have data about your online browsing activities monitored and collected. At this stage no uniform technology standard for recognizing and implementing DNT signals has been finalized. As such, we do not currently respond to DNT browser signals or any other mechanism that automatically communicates your choice not to be tracked online. If a standard for online tracking is adopted that we must follow in the future, we will inform you about that practice in a revised version of this privacy notice.

  1. DO WE MAKE UPDATES TO THIS NOTICE?

In Short: Yes, we will update this notice as necessary to stay compliant with relevant laws.

We may update this privacy notice from time to time. The updated version will be indicated by an updated “Revised” date and the updated version will be effective as soon as it is accessible. If we make material changes to this privacy notice, we may notify you either by prominently posting a notice of such changes or by directly sending you a notification. We encourage you to review this privacy notice frequently to be informed of how we are protecting your information.

  1. HOW CAN YOU CONTACT US ABOUT THIS NOTICE?

https://www.linkedin.com/company/unido-digital/

  1. HOW CAN YOU REVIEW, UPDATE, OR DELETE THE DATA WE COLLECT FROM YOU?

You have the right to request access to the personal information we collect from you, change that information, or delete it. To request to review, update, or delete your personal information, please visit the contact form on this website, use the Whatsapp icon, or via LinkedIn: https://www.linkedin.com/company/unido-digital/

 

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Posted On June 16, 2016
, By Jared Wade
Banco de la Republica, the central bank of Colombia, in Bogotá.
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Inflation Hits 15-Year High of 8.2% in Colombia

The highest inflation level since 2001 is "testing Colombia's commitment to preserving the credibility of its inflation targeting regime," says Fitch.
Posted On June 15, 2016
, By Jared Wade
Shikun & Binui
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Israeli Construction Company Shikun & Binui Closes on $640 Million USD Road Project in Colombia

Israeli construction company Shikun & Binui Ltd. recently closed on a $640 million USD infrastructure project in Colombia to build a nearly 100-mile-long toll road near the nation’s capital of Bogotá. The large sum includes all the costs related to financing,...
Posted On June 15, 2016
, By Jared Wade
international monetary fund colombia IMF growth forecast
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IMF Approves $11.5 Billion USD Line of Credit for Colombia

The Colombian government has no plans to draw on the credit line but wanted an increase from the previous $5.4 billion USD available as a precautionary measure.
Posted On June 13, 2016
, By Jared Wade
air europa
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Air Europa to Begin Madrid-to-Bogotá Route on June 28

The 5,000-mile flight will depart Bogotá each day at 8 pm on a brand new Boeing 787s with 22 business class seats.
Posted On June 13, 2016
, By Jared Wade
colombia mergers Jaime Trujillo Baker McKenzie
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Colombia Mergers and Acquisitions Valued at $5.6 Billion USD over the Past Five Quarters

Baker & McKenzie's "Cross Border M&A Index" highlighted Colombia's adoption of free-market policies as a factor in its ability to attract more M&A interest.
Posted On June 12, 2016
, By Jared Wade
world competitiveness IMD Business School's campus
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Colombia’s Economy Remains Uncompetitive Globally but Is Outpacing Most of Its Latin American Peers

For the third year running, Colombia placed 51st out of 61 countries analyzed in IMD business school's World Competitiveness Ranking.
Posted On June 10, 2016
, By Jared Wade
ruta n alejandro franco
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Interview: New Ruta N Chief Alejandro Franco Unveils His Ambitious Goal of Creating 9,000 Jobs

Colombia's most successful startup accelerator has set ambitious goals for growth as it strives to transform Medellín into a knowledge economy.
Posted On June 9, 2016
, By Loren Moss
colombia
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Report Ranks Colombia as 37th Best Nation Contributing to Global Prosperity and Equality

Colombia's ranking is hurt the most by its poor score on free trade, which measures "open trading performance compared to best practices."
Posted On June 8, 2016
, By Jared Wade
Grupo Sura Barranquilla
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Mexican Regulator Approves Grupo Sura’s Purchase of Local RSA Subsidiary

Mexico's insurance regulator has approved Grupo Sura's 2015 purchase of the local arm of RSA Insurance Group.
Posted On June 8, 2016
, By Jared Wade
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American Express Aiming for 20% Market Share of Credit Card Business in Colombia

AmEx says it now has a 10% participation in the market and is looking to double this percentage quickly.
Posted On June 7, 2016
, By Loren Moss
homebuilding
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Homebuilding Still Booming in Colombia with Support from Government Incentives

The sector has grown 6.3% on average each quarter for the past five years and that this trend will continue in the short term.
Posted On June 7, 2016
, By Jared Wade
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Colombia’s Export Volume Is Still Contracting at a High Rate

Due to its reliance on oil exports, Colombia continues to show one of the largest export contractions in all of Latin America.
Posted On June 6, 2016
, By Jared Wade
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Tecnoglass Back in NASDAQ Compliance After Filing Annual and Quarterly Reports

Tecnoglass submitted its 2015 annual report, 2016 first quarter earnings report, and amended statements for all reports dating back to 2013.
Posted On June 6, 2016
, By Jared Wade
Banco Central de Chile
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Let Latin American Cities & Localities Manage Their Own Taxes, Says IDB Report

Giving state and city governments in Latin America more autonomy to manage their own sources of tax revenue could promote greater local development and efficiency, according to a new study by the Inter-American Development Bank (IDB). The study, Decentralizing Revenue in Latin...
Posted On May 23, 2016
, By Loren Moss
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Interview: UruIT’s Marcelo Martinez Explains Why Uruguay’s Top IT Firm Picked Medellín, Colombia, to Anchor Its Global Expansion

"There’s an ecosystem of technology companies here, and that goes to show that there must be talent" says Marcelo Martinez of UruIT.
Posted On May 10, 2016
, By Loren Moss
EIG Global Energy Partners’ CEO and Harbour Energy’s co-chairman R. Blair Thomas
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EIG Seeks to Disrupt Catalyst Deal, Submits Binding Offer to Buy Pacific Energy

“EIG’s binding proposal is undeniably superior and is clearly in the best interests of creditors, the company, and its other stakeholders," said EIG CEO Blair Thomas.
Posted On May 10, 2016
, By Loren Moss
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Post Brookfield Acquisition, Isagen’s IDRs Credit Outlook Revised to Positive: Fitch

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed Isagen S.A. ESP’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-‘, while revising the Rating Outlook Positive from Stable. Fitch has also affirmed Isagen’s...
Posted On May 9, 2016
, By Loren Moss
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Caribbean Investment Summit Seeks To Attract Foreign Direct Investment, Boost Exports

The Inter-American Development Bank (IDB), the Caribbean Association of Investment Promotion Agencies (CAIPA), and the Caribbean Export Development Agency (CEDA) are organizing the Caribbean Investment Summit 2016 to increase foreign direct investment (FDI) by helping investors...
Posted On May 9, 2016
, By Loren Moss
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South Korea Seeks Knowledge Exchange With Latin America & Caribbean On Housing & Urban Development

The Inter-American Development Bank (IDB), in collaboration with the Korea Research Institute for Human Settlements (KRIHS), is launching a call for research proposals by individual researchers and scholars in Latin America and Caribbean (LAC) countries. The deadline to submit...
Posted On May 9, 2016
, By Loren Moss
Avianca Chairman Germán Efromovich (left) and new President Hernán Rincón Kingsland Holdings Roberto Kriete
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Hernán Rincón Named New President of Avianca

German Efromovich, President of the Board of Directors for Avianca Holdings S.A. and the Board of Directors for Aerovías del Continente Americano S.A. Avianca, has introduced Hernan Rincón Lema as the new Executive President of the holding company that groups several airlines and...
Posted On April 25, 2016
, By Loren Moss
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Colombia’s Darien Border Region Gets Airport Upgrades, Hopes For Tourism Boost

Hoping to strengthen tourism in the Darien region on the far west of Colombia’s Caribbean coast, bordering Panamá, over the past nine months, Aeronáutica Civil has invested $2.7 billion pesos in improvements to Capurganá’s Narcisa Navas Airport. Located just a few miles from...
Posted On April 25, 2016
, By Loren Moss
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Colombians’ Travel To Europe Up 31.5% Since Schengen Visa-Free Travel Implemented

According to Colombia’s Asociación Colombiana de Agencias de Viajes y Turismo (ANATO-for “Colombian Association of Travel  & Tourism Agencies” in Spanish), departures of Colombians for the 26 European Union (EU) Schengen zone countries have grown by 31.5% since the visa...
Posted On April 25, 2016
, By Loren Moss
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IDB Releases Updated Latin America and Caribbean Trade Information Tool

The Inter-American Development Bank's INTrade offers a user-friendly interface to help sift through all the stats in the system.
Posted On April 25, 2016
, By Loren Moss
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Multiple Factors Pressuring Colombia’s SOAT Mandatory Auto Liability Insurance Market, Says Fitch

The sustainability and profitability of compulsory auto liability auto insurance (SOAT) in Colombia will depend on the insurance industry’s effectiveness at stopping the upward trend in claims, which is being driven by technical fraud, the increased share of motorcycles in...
Posted On April 25, 2016
, By Loren Moss
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Colombia’s Banco Popular Migrates To EMC2 VMAX 100K Platform Supported By Unisys

Unisys Corporation (NYSE: UIS) announced last week that it has received a five-year contract from Colombian financial institution Banco Popular, to provide high-end storage solution and associated services to support the bank’s critical business operations.  Under the...
Posted On April 11, 2016
, By Loren Moss
Laura Lafayette is the Latin America Human Resources Director for Unisys
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Unisys Names Laura Lafayette As New LatAm Human Resources Director

Unisys corporation (NYSE: UIS) has promoted Brasil human resources director Laura Lafayette to head human resources operations for all of Latin America, covering 10 countries and 3,800 employees serving roughly 300 customers. Since 2014 Lafayette headed human capital management...
Posted On April 10, 2016
, By Loren Moss
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Exclusive Interview: How Rosario, Colombia’s Oldest University Keeps Making An Impact 350 Years After Its Founding

Colombia’s oldest university, Universidad del Rosario produces many of the country’s political, business and legal leaders. Still, the university continues to innovate and take an active role in Colombia’s social inclusion efforts, such as participating in the government’s “Ser...
Posted On April 3, 2016
, By Loren Moss
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Level 3 Activates New Pacific Subsea Fiber Optic Cable Route Landing Into Buenaventura, Colombia

Level 3 Communications, Inc. (NYSE: LVLT) has announced the activation of a new subsea cable landing station giving Colombia a Pacific Ocean route to connect to its international network. The new landing station enhances Colombia’s options for redundancy and removes sole reliance...
Posted On April 3, 2016
, By Loren Moss
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Bonds, Loans & Derivatives Andes 2016 Adds To String Of Successful Debt Forums

The 5th edition of Bonds, Loans & Derivatives Andes 2016 was a massive success seeing over 380 senior level decision makers attending this ‘by invitation only’ event on the 23rd – 24th of February 2016 at The JW Marriott, Bogota. During the 2 days, senior level executives...
Posted On March 31, 2016
, By Loren Moss
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Metrotel Installs Switchray Softswitch To Provision Telephony In Barranquilla

Telecommunications software provider SwitchRay,  and Smart Network Solutions, a systems integrator and VAR distributor, announced today the successful completion of a system integration with Metropolitana de Telecomunicaciones S.A E.S.P (Metrotel), a rapidly growing...
Posted On March 31, 2016
, By Loren Moss
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Tecnoglass Reports Record Fourth Quarter and Full Year 2015 Results

BARRANQUILLA, Colombia–(BUSINESS WIRE)– Tecnoglass, Inc. (NASDAQ:TGLS BVC:TGLSC) the Colombian manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, yesterday announced...
Posted On March 31, 2016
, By Loren Moss
avianca colombia bogota
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Avianca Names Hernán Rincón New CEO

German Efromovich, Chairman of the Board of Directors of Avianca Holdings S.A. and Aerovias del Continente Americano S.A. has announced the appointment of Hernán Rincón (pictured above) as the new Chief Executive Officer of Avianca Holdings S.A. and Avianca S.A Mr. Rincón, was...
Posted On March 31, 2016
, By Loren Moss
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Sura Asset Management’s Credit Profile Strong Enough To Warrant One Of The Highest Ratings In Colombia, Says Fitch

Fitch Ratings has affirmed SURA Asset Management’s long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB+’ and the rating outlook is stable. Fitch has also affirmed the rating for Sura Asset Management Finance BV’s guaranteed bonds at...
Posted On March 28, 2016
, By Loren Moss
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Accenture Implements Insurance IT System for Zurich Insurance’s Colombia Launch

Switzerland & Colombia–(via Business Wire)–Accenture (NYSE:ACN) recently completed building and implementing a new core insurance information technology system for Zurich Insurance Group (ZURN, OTCQX: ZURVY), marking the insurer’s entrance into the property and...
Posted On March 28, 2016
, By Loren Moss
Colombian Guided Missile Frigate Caldas
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ICJ Rules Against Colombia in Territorial Fight with Nicaragua; President Santos Says Colombia Will Defend Territory ‘Until Death’

“Colombians can be sure that, all united, we are going to continue defending to the last centimeter our territory," said Colombian President Juan Manuel Santos.
Posted On March 21, 2016
, By Loren Moss
Big thing inside of Guatapé
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EPM Begins Multimillion Dollar Emergency Repairs on Guatapé Hydroelectric Dam After Parts Arrive From Mexico; EBITDA Hit Estimated At $35 Million USD

The third shipment of electrical cables has arrived from Mexico aboard a Ukraine-flagged, Russian-built specialized transport aircraft to make emergency repairs to EPM’s Guatapé hydroelectric generation facility after an accidental fire on February 15 in an access tunnel took the...
Posted On March 21, 2016
, By Loren Moss
Tecnoglass Barranquilla plant
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Tecnoglass To Hold Conference Call On 2015 Yearly & Q4 Results

Barranquilla based Tecnoglass, Inc. (NASDAQ:TGLS, BVC:TGLSC), the manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries headed by brothers Jose Daes & Christian Daes, announced today...
Posted On March 21, 2016
, By Loren Moss
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Caribbean Resources (Pacific Coal) To Delist & Stop Reporting; Cites Hard Times

Caribbean Resources Corporation (TSXV:CRC), formerly known as Pacific Coal, has announced that is has mailed and filed meeting materials with respect to the upcoming special meeting of common shareholders to be held at 11:00 am on Thursday, March 31, 2016 in Toronto. Shareholders...
Posted On March 14, 2016
, By Loren Moss
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Lawsuit Accusing Dole Food Co. Of Financing Paramilitaries Thrown Out Of Court, Plaintiffs & Their Lawyers Sanctioned

Dole Food Company, Inc. today announced that the Los Angeles Superior Court dismissed with prejudice the case Perez v. Dole Food Company, Inc. The lawsuit, which was filed in 2009, had been brought by 167 Colombian plaintiffs claiming that Dole had funded the Autodefensas Unidas...
Posted On March 9, 2016
, By Loren Moss
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Trinidad & Tobago Breaks Through Into Top Tier Of Global Services Destinations

The global landscape for service delivery, whether Business Process Outsourcing (BPO) or in-house shared services is never static. Global executives in the process of short-listing locations are unwise to simply return to the default choices of a decade ago. Things change. There...
Posted On March 9, 2016
, By Loren Moss
Photo courtesy Pixabay
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Inter-American Development Bank & Bancoldex To Fund Colombian Rural Renewable Electricity

The Inter-American Development Bank (IDB), through the Banca Nacional de Desarrollo, has announced the approval of a loan for $9.3 million to promote private investment in the generation of renewable energy in areas of Colombia that are isolated or not interconnected to the...
Posted On February 29, 2016
, By Loren Moss
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Digital Marketing Agency Demand Frontier Stakes Claim In Medellín, Sees Rapid Growth

Demand Frontier is a digital marketing agency founded in Texas, with a rapidly growing outpost in Medellín. The business-to-business firm services Fortune-500 companies from both locations, but sees Colombia as key to its plans for growth. Finance Colombia executive editor Loren...
Posted On February 28, 2016
, By Loren Moss
Bogotá - Villavicencio © Loren Moss
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Sura Asset management & Credicorp Capital Lauch Investment Vehicle To Fund Colombia’s 4G Highway Infrastructure Program

Medellín based SURA Asset Management and Peru’s Credicorp Capital  have announced a strategic alliance creating a new fund in order to invest  $1.3 billion COP (approximately $400 million USD) in Colombia’s “fourth generation” (4G) roadway infrastructure projects. The...
Posted On February 28, 2016
, By Loren Moss
Photo © Loren Moss
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Everest Group Says Colombia Is A Rising BPO Destination, But Needs To Promote Itself Better: Exclusive Interview

The Global analyst firm Everest Group has released a comprehensive, 165 page report (available here) covering global service delivery locations, and the report cites Colombia as a nascent location in the global services market. While the country still has only a small share of...
Posted On February 28, 2016
, By Loren Moss
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OECD: Colombia’s Health Care Is Universal In Coverage, But Serious Accessibility, Parity & Efficacy Challenges Remain

According to an OECD report, Colombia has significantly improved its health system over the past 20 years, leading to a rise in life expectancy and a fall in infant mortality. Infant mortality has fallen from 40 deaths per 1 000 live births in 1970 to 12.8 and life expectancy at...
Posted On February 28, 2016
, By Loren Moss
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IMF Head Christine Lagarde Praises Colombia’s Fiscal, Monetary Policy

During an interview earlier this month, International Monetary Fund (IMF) head Christine Lagarde was queried by IMF communications director about how various emerging economies were handling the current slump in commodities prices, especially petroleum. Lagarde singled out...
Posted On February 28, 2016
, By Loren Moss
Ecopetrol Reficar Coking
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Ecopetrol Launches $478 Million USD Austerity Plan To Weather Low Oil Prices

Given the challenging petroleum price environment observed since the beginning of 2016, Ecopetrol S.A. (BVC:ECOPETROL; NYSE:EC; TSX:ECP) has announced that it will seek to save an additional $1.6 trillion COP ($478.736 million USD) through 2016. This comes after the company...
Posted On February 28, 2016
, By Loren Moss
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Brasil’s Stefanini Buys Paipa, Boyaca Based ERP Integrator Sysman

São Paulo based Stefanini, a $1B global provider of IT outsourcing, applications management and consulting, and strategic staffing services, has announced that it has acquired Paipa, Boyacá based Government ERP provider Sysman SAS, which will change its name to Stefanini Sysman...
Posted On February 28, 2016
, By Loren Moss
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TransUnion Buys CIFIN: Colombian Credit Bureau

US based credit reporting agency TransUnion (NYSE: TRU) has acquired a 71% ownership interest in Central de Informacion Financiera (CIFIN), one of two primary Colombian credit bureaus; the other being DataCrédito, already owned by TransUnion competitor Experian. In addition to...
Posted On February 28, 2016
, By Loren Moss
Bogotá headquarters of Banco de la República (Banrepublica). Photo credit Juan Enrique Rodríguez, courtesy Banrepublica
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Colombia’s Central Bank Raises Interest Rate 25 Basis Points In Gambit Against Inflation

Colombia’s central bank moved to tighten Colombia’s money supply yesterday, by raising the benchmark interest rate a quarter of a percentage point to 6.25%. Colombia is facing inflationary pressures due to the precipitous fall of its Colombian peso against the US dollar, falling...
Posted On February 20, 2016
, By Loren Moss
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Epson’s Colombia Head Discusses Textiles Entrepreneurship with Finance Colombia

Epson launched its SureColor F9200 dye sublimation printers at Colombiatex, Colombia’s textile industry trade show this year. The SureColor line of dye sublimation printers allow designers and producers to print intricate, full color designs either directly on fabric, or on...
Posted On February 19, 2016
, By Loren Moss
Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Ecopetrol Appoints Adolfo Tomas Hernández As Vice President of Refining & Industrial Processes

Ecopetrol (BVC:ECOPETROL; NYSE:EC; TSX:ECP) has announced that effective February 15, chemical engineer Adolfo Tomás Hernández Núñez has been appointed the new vice president of refining and industrial processes for the Colombian-government controlled petroleum company. Hernandez...
Posted On February 19, 2016
, By Loren Moss
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Colombia’s Regulatory Authority Orders Cooper Gay To Suspend Operations In Colombia

Superfinanciera, Colombia’s Financial Superintendence that oversees banking and insurance operations, has issued Resolucion 0130 de 2016, a cease and desist order against Cooper Gay Ecuador C.A. Intermediario de Reaseguros, demanding that they suspend all reinsurance...
Posted On February 19, 2016
, By Loren Moss
Photo credit bruceg1001 - flickr https://www.flickr.com/photos/62697772@N02/8161979478
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Citibank To Exit Colombia, Brasil, Argentina Consumer Banking & Credit Card Operations: Region had “No Material Effect On Citi Net Income”

New York – Citi (NYSE:C) today announced its intention to exit from consumer banking operations in Brasil, Argentina and Colombia. The businesses, which include retail banking and credit card operations, will initially be transferred from Citicorp into Citi Holdings and will...
Posted On February 19, 2016
, By Loren Moss
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Proyecto Vida Silvestre Releases 20 Critically Endangered Orinoco Crocodiles Into Tuparro National Park

20 Orinoco Crocodiles (Crocodylus Intermedius) were reintroduced into their natural habitat this month, in the Tuparro National Park, the same environment that received 21 crocodiles in May of last year. Orinoco Crocodiles (Caimán Llanero in Spanish) are a critically endangered...
Posted On February 19, 2016
, By Loren Moss
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